Biosimilars and Generics Threat to Tremfya: Market Impact Assessment
With a valuation of USD 3.92 billion in 2024, the global Tremfya market is poised for sustained growth at a CAGR of 7.4% through 2034. This momentum is being propelled by country-specific developments in healthcare policy, regulatory frameworks, and corporate strategy. While Tremfya remains primarily marketed by Johnson & Johnson through its subsidiary Janssen Biotech, the drug’s success is closely tied to national policy impact, market share concentration, and strategic positioning within the broader biologics ecosystem.
The
United States continues to serve as the cornerstone of Tremfya’s commercial
success, benefiting from high per capita healthcare spending, broad insurance
coverage, and a favorable regulatory environment. The Centers for Medicare
& Medicaid Services (CMS) and private payers have recognized the drug’s
clinical value, ensuring its inclusion in preferred formularies across major
health plans. Strategic positioning by Janssen includes lifecycle management
initiatives, such as new indications, pediatric labeling extensions, and
long-term cardiovascular safety data, which reinforce Tremfya’s differentiation
in a crowded IL-23 space.
China
is emerging as a critical growth driver, with increased access to innovative
biologics following regulatory reforms and expanded insurance coverage. The
National Medical Products Administration (NMPA) has expedited the review
process for foreign biologics, allowing Tremfya to enter the Chinese market
more quickly than predecessors. Market share concentration remains relatively
low compared to TNF inhibitors, but early entry positions Janssen to capitalize
on rising demand for next-generation therapies in urban centers and tertiary
hospitals.
Germany
exemplifies a blend of technical sophistication and regulatory alignment within
the European Union. The country’s Institute for Quality and Efficiency in
Health Care (IQWiG) plays a pivotal role in determining reimbursement levels
based on comparative effectiveness, giving Tremfya a competitive edge due to
its proven long-term remission rates. R&D leadership is reinforced through
collaborations with academic institutions and participation in pan-European
registries aimed at evaluating real-world outcomes.
Read
More @ https://www.polarismarketresearch.com/industry-analysis/tremfya-market
Corporate
strategies among top-tier players reflect a dual emphasis on innovation
leadership and geographic expansion. Mergers and acquisitions have become a
preferred route for entering new therapeutic areas or acquiring complementary
assets. For instance, recent strategic moves by AbbVie and Eli Lilly underscore
the importance of building diversified portfolios in the IL-23 and IL-17
classes. Furthermore, joint ventures with local partners in high-growth markets
allow global firms to navigate complex regulatory landscapes and establish
localized manufacturing units that cater to regional demand.
R&D
leadership is increasingly concentrated in innovation hubs located in Boston,
Basel, and San Diego, where biotech incubators, venture capital funding, and
academic-industry collaborations foster continuous advancement. Investment
priorities include improving long-term durability, reducing injection
frequency, and integrating digital tools into therapy monitoring. Cloud-based
analytics, AI-driven biomarker identification, and patient-reported outcome
platforms are further enhancing clinical decision-making and personalized
medicine approaches.
Dominant
players by market share include:
- Johnson
& Johnson (Janssen Biotech)
- AbbVie
Inc.
- Novartis
AG
- Eli
Lilly and Company
- Pfizer
Inc.
- Sanofi
S.A.
- Amgen
Inc.
- Bristol-Myers
Squibb Company
These
firms collectively represent a significant portion of the global market, each
employing distinct strategic positioning tactics to maintain relevance amid
evolving regulatory landscapes and shifting patient care models.
More
Trending Latest Reports By Polaris Market Research:
Paper
And Paperboard Packaging Market
Revenue
Cycle Management Market
Thermo
Compression Forming market
Digital
Printing for Tableware Market
North
America Secure Logistics Market
Comments
Post a Comment